Few people are aware of how to PROPERLY use the RSI. Used correctly, however, it is the by far most valuable indicator of them all - of with which you can in fact base entire trading strategies with and with major risk to rewards.
Ethereum has just closed from below on the upper bearish blue line. This is a very bearish sign and is typically followed by steep moves down, often in the 20 percent range or more.
What's more remarkable is how the 1-hour and 2-hour charts have closed at their respective upper bearish blue lines. Those lines are discretionary for each chart.
For a full tutorial on these RSI strategies, please watch the extensive RSI trilogy on the Long Life Trading Youtube channel.
Ethereum has just closed from below on the upper bearish blue line. This is a very bearish sign and is typically followed by steep moves down, often in the 20 percent range or more.
What's more remarkable is how the 1-hour and 2-hour charts have closed at their respective upper bearish blue lines. Those lines are discretionary for each chart.
For a full tutorial on these RSI strategies, please watch the extensive RSI trilogy on the Long Life Trading Youtube channel.